UK: Hotelier David Levin has sold The Capital and The
Levin, the boutique hotels he founded in London's
Knightsbridge.

The Capital and The Levin will become the first London
properties in the Warwick Hotels and Resorts portfolio.

Levin will become consultant to Richard Chiu, president and CEO of
Warwick Hotels and Resorts, while his daughter Kate Levin will continue as general manager of
the hotels.

David Levin said: "It was a difficult decision to sell, but
Warwick Hotels and Resorts is the right company at the right time
in this highly competitive London market. I see this as only
positive for all concerned."

Chiu founded Warwick Hotels and Resorts in 1980, with the purchase
of Warwick New York. The group now comprises 55 hotels and resorts
with more than 9,000 rooms worldwide.

Chiu said:"Our group is very pleased with this acquisition, as The
Capital Hotel Group headed by David Levin, shares the same
hospitality philosophy as Warwick," said Richard Chiu, president of
Warwick. "Being a family business ourselves, we are proud to be
able to conclude this transaction with the Levin family and to
maintain the family spirit that characterises the two
groups."